Which Is Most Likely to Be a Long-Run Adjustment for a Firm

question 11

Multiple Choice

Which is most likely to be a long-run adjustment for a firm that manufactures cars on an assembly-line basis?

• A)an increase in the amount of steel that the firm buys
• B)a decrease in the number of production workers in the assembly line
• C)a switch in production to a redesigned and retooled facility
• D)an increase in the number of shifts of workers from two to three

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Definitions:

Placebo Pills

Inactive substances or "sugar pills" used in clinical trials to test the effectiveness of treatments and control for the placebo effect.

Level of Agitation

The degree or extent of restlessness, uneasiness, or turmoil, often observed in individuals with psychiatric conditions.

Random Assignment

A selection procedure that ensures that participants are randomly placed either in the control group or in the experimental group.

Preexisting Differences

Variations in characteristics, conditions, or experiences among subjects before the onset of a study or intervention, potentially influencing outcomes.